Directa Plus has reported its plan to sign an agreement with a global chemicals and materials group, to co-develop products targeting the air and water filtration markets. The company remains unnamed, but is said to be a major player in the non-woven materials industry that is based in Italy.
The deal is set to run for an initial period of 12 months and will see the two parties collaborate exclusively to develop specific products for the global air and water filtration markets. If the initial collaboration is successful and the technical results are achieved, the two companies will negotiate a technical and commercial partnership agreement.
"In the advanced material arena there is no shortage of technologies; however, combining the most appropriate technologies to come up with products that customers actually want and need is in short supply", Giulio Cesareo, the founder and chief executive officer of Directa Plus, said.
"The significant investment made by our partner in advanced non-woven production and their know-how coupled with our disruptive G+ graphene technology could see our graphene products becoming a real innovation accelerator, drastically reducing the time-to-market for new products.